Some prominent dog-themed meme coins are fetching higher prices to start the week, with coins modeled on Dogecoin’s mascot jumping higher—alongside a Bitcoin-based meme coin that’s dedicated to a puppy wearing an orange hoodie.
DOG•GO•TO•THE•MOON (aka DOG), a so-called Runes token that launched alongside the protocol’s debut in April, set an all-time high price of $0.0096 late Sunday, according to data from CoinGecko. Meanwhile, its market cap hit $966 million, surpassing a previous peak seen in June.
Runes was developed by Casey Rodarmor, whose Ordinals project sparked a buzzy market for Bitcoin-based collectibles following its release last year. Together, the projects seek to bring assets resembling meme coins and NFTs to crypto’s O.G. network.
Bitcoin Meme Coins Surge as BTC Rises Towards $100K
Bitcoin-based meme coins are seeing renewed interest amid the asset’s record-setting climb, lifting the price of various Runes tokens launched alongside the protocol’s debut this year. Over the past week, the price of DOG•GO•TO•THE•MOON (DOG) has increased 98%, rising to $0.0078 Thursday, according to Magic Eden. With a market capitalization of around $767 million, the asset is among the most widely adopted Runes, with over 95,000 different holders. Developed by the creator of Ordinals, Casey R...
Meme coins are extremely volatile assets, even by crypto standards, trading on little more than vibes and the attention they can muster online. While Dogecoin’s $64 billion market cap looms large in the meme coin space, its success has paved the way for countless tokens riding on its canine coattails over the years, which basically exist on any chain that one can think of.
DOG•GO•TO•THE•MOON was launched by its pseudonymous co-creator Leonidas in April, who airdropped the token widely to holders of the Runestone Ordinals project. Among notable trading venues, the Bitcoin-based meme coin has since been listed on the OKX exchange and cross-chain NFT marketplace Magic Eden.
“A new all-time high is especially exciting because we did it without a spot listing on a tier-1 exchange,” Leonidas told Decrypt.
Though DOG’s price has increased 35% over the past week, investors have meanwhile looked toward meme coins with four-legged mascots on other chains. Among notable gainers, those included Baby Doge Coin on BNB Chain and Neiro on Ethereum.
'I Liked the Coins': Dog-Themed Token Price Doubles After US Congressman Buys In
This meme coin depicts a dog in a ski mask—and it’s jumping to new heights because U.S. Congressman Mike Collins (R-GA) acknowledged he bought as much as $30,000 of it. Collins’ purchase of Ski Mask Dog (SKI), alongside another token, was flagged Tuesday by the financial data platform Unusual Whales on X (formerly known as Twitter). The 57-year-old replied with a picture of Pepe the Frog, evoking the popular internet meme that’s also tied to a valuable meme coin. But beneath the frog’s shades an...
Baby Doge Coin (BABYDOGE) was launched in 2021, and of course, it pays homage to Dogecoin. Though its peak price Monday was still below a peak of $0.000000006288, the meme coin’s price jumped 33%, placing it within striking distance of a previous all-time high.
When Dogecoin’s mascot, a Shiba Inu dog named Kabosu, passed away in May, the development was felt far outside the cryptosphere. Soon after, however, a 10-year-old rescue pooch named Neiro was later adopted by Kabosu’s owner, which the crypto community was quick to embrace.
Meme coins inspired by Neiro were launched separately on Ethereum and Solana. And while neither have been endorsed by Nerio’s owner, an Ethereum-based version of Neiro (NEIRO) reached a $1.1 billion market cap last month. On Monday, the token’s value increased by 10%, reaching a price of $0.002, according to CoinGecko.
MicroStrategy Adds Billions More in Bitcoin in Fifth-Straight Weekly Buy
Software development firm MicroStrategy has boosted its massive Bitcoin stash yet again, disclosing Monday that it purchased another $2.1 billion worth of the leading cryptocurrency last week in its fifth-straight weekly buy. MicroStrategy added 21,550 BTC valued at $2.1 billion, with an average purchase price of $98,783, wrote founder and Executive Chairman Michael Saylor on X (formerly known as Twitter). That pushes the firm's tally to 423,650 BTC, valued at nearly $42 billion as of this writi...
Notably, DOG, Neiro, and Baby Doge Coin saw outsized trading volumes on Gate.io, a Cayman Islands-based exchange. Each coin had notched $61 million, $56 million, and $187 million in trading volume over the past day, respectively, on the platform, according CoinGecko.
While Bitcoin transactions involving Runes accounted for 81% of network activity days after the protocol for memetic assets was launched in April, an initial wave of hype has receded. Still, Bitcoin transactions involving Runes totaled 8% of Bitcoin transactions Sunday, suggesting their on-chain presence remains somewhat robust, per data from Dune.
Edited by Andrew Hayward
